Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 696 people, 253 houses or apartments, and a median cost of homes of $524,878, Valencia house prices are not only among the most expensive in Pennsylvania, Valencia real estate also is some of the most expensive in all of America.
Row houses and other attached homes are the single most common housing type in Valencia, accounting for 41.67% of the borough's housing units. Other types of housing that are prevalent in Valencia include single-family detached homes ( 35.51%), large apartment complexes or high rise apartments ( 17.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.07%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Valencia is dominated by renter-occupied one, two, or no bedrooms apartments. 72.67% of Valencia's dwellings are rentals.
Valencia homes and real estate are some of the newest in America. 44.20% of Valencia's housing was built since 2000, making the borough have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Valencia real estate market has to offer. Quite a bit of the housing here was also built before 1939 ( 28.26%), and between 1970-1999 ( 24.28%). There's also some housing in Valencia built between 1940-1969 ( 3.26%).
Appreciation rates for homes in Valencia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.54%, which ranks in the top 50% nationwide. This equates to an annual average Valencia house appreciation rate of 6.20%.
NeighborhoodScout's data show that during the latest twelve months, Valencia's appreciation rate, at 5.71%, has been at or slightly above the national average. In the latest quarter, Valencia's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.
Relative to Pennsylvania, our data show that Valencia's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$524,878
for Pennsylvania
for nation
253
$5,148 / per month